Is 35981, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 35981 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 35981 was a Neutral Market.

Key Takeaway

35981 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 35981, AL

How much do homes in 35981, AL cost?

Median Sold Price

$203,000

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$9,500(+4.9%)

Key Takeaway

Homes in 35981 have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in 35981 was $203,000 in November 2024, up 4.9% from last year, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $32K$80K
+150.0%
3 $193.5K$190K
-1.8%
4 $218K$385K
+76.6%
5+ -$355K
N/A

Summary: 35981 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 150%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 76.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

35978
+7.1%
35981
+4.9%

Housing Supply in 35981, AL

How many homes are available in 35981, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
59+80.0%

Summary: The 35981 real estate market had 9 homes for sale in November 2024, a 80.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 26
+200.0%
4 22
0.0%
5+ 11
0.0%

Summary: The 35981 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 200%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 35981, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in 35981 in November 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 35981, AL

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in 35981, AL

Nearby Markets to 35981, AL